Orbsat (OTCMKTS:OSAT) Stock Price Down 0.9% – Time to Sell?

Orbsat Corp. (OTCMKTS:OSAT) shares were down 0.9% during mid-day trading on Thursday . The company traded as low as $0.6220 and last traded at $0.6650. Approximately 23,798 shares traded hands during trading, a decline of 80% from the average daily volume of 116,585 shares. The stock had previously closed at $0.6710.

Orbsat Price Performance

The firm has a 50-day moving average price of $0.64 and a 200 day moving average price of $0.72. The stock has a market capitalization of $4.31 million, a P/E ratio of -0.38 and a beta of 2.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 14.48 and a current ratio of 15.27.

Orbsat Company Profile

Orbsat Corp. engages in the provision of satellite based services and solutions for commercial, government and individual users. The firm’s services include satellite communication solutions, emergency location systems, high-speed satellite internet and global asset and personnel monitoring, customized ground station systems and custom product design. It also focuses on the distribution, development and reselling of satellite enabled communications hardware. The company was founded in 1997 and is headquartered in Aventura, FL.